African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

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Naira crisis worsens as currency-in-circulation tumbles to N1.54tn

By Ifunanya / February 20, 2023

Amid the worsening naira crisis, the total amount of currency-in-circulation in the Nigerian economy has tumbled from N3.3tn to N1.54tn, […]

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Stock investors lose N281bn in one week

By Ifunanya / February 20, 2023

Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The […]

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How states, FG may clash over salary review

By Ifunanya / February 20, 2023

While states believe they should be able to set their own salaries, the Federal Government insists on a uniform national […]

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Rising inflation worsening poverty, LCCI warns FG

By Ifunanya / February 20, 2023

The Lagos Chamber of Commerce and Industry has warned that the sustained rise in the general price level in recent […]

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Naira redesign: Massive job losses loom – Experts

By Ifunanya / February 19, 2023

Economists and financial experts have said massive job losses loom amid the naira currency. The experts were reacting to the […]

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Farmers score FG low on food security

By Ifunanya / February 19, 2023

Farmers in the country under the aegis of the United Integrated Farmers Association of Nigeria have scored the regime of […]

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Upstream oil investments hit $499bn in 2022 – Report

By Ifunanya / February 19, 2023

The investment in the global oil and gas upstream sector has increased by 39 per cent to $499bn in 2022, […]

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CBN: IMF calls for review of 2007 Act

By Ifunanya / February 19, 2023

The International Monetary Fund has called for a review of the Central Bank of Nigeria Act 2007 to strengthen the […]

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NNPCL completes depot repairs

By Ifunanya / February 19, 2023

The Nigerian National Petroleum Company Limited has completed the rehabilitation of the pipeline at the Satellites depots area, The has […]

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Nigeria’s high cost of finance disturbing – Minister

By Ifunanya / February 19, 2023

Zainab Ahmed, Nigeria’s Minister of Finance, Budget and National Planning says the cost of finance has remained one of the […]

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